Re: Odds of Party collapsing on Saturday?
If Party only has $96 million cash on hand, where were they getting the money for the dividend in the first place? So they obviously have to have more money than that. Also, it's not necessarily the sign of a bad company if you don't have cash on hand to cover 80% of your customers. A well run company has cash on hand to cover the worst possible scenario, and has the ability to get more money if need be. And then they put the excess money to work. Ideally Party would have seperate accounts to cover deposits, like Stars claims to. But in any case, $96 million in cash does not add up for a company that just canceled a dividend that was going to give away more than that.
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